Welcome back to The Breakdown with me, NLW.

It's a daily podcast on Macro, Bitcoin, and the Big Picture Power Shifts remaking our world.

What's going on, guys? It is Tuesday, December 10th, and today we're doing a little bit of a global

crypto roundup. Before we get into that, however, if you are enjoying the breakdown, please go subscribe to it,

give it a rating, give it a review, or if you want to dive deeper into the conversation, come join us on the

Breakers Discord. You can find a link in the show notes or go to bit.ly slash breakdown pod. All right, friends, well, like I said, we were going to go around the world today from El Salvador

to Russia, to Iran, to China. But before that, we have to do our customary price check.

Briefly, after touching 100K during the morning session, Bitcoin slid in the afternoon

yesterday. A pair of heavy liquidations each drove the price below 95K.

Into the evening, price recovered somewhat with Bitcoin trading back to 98K before taking

another leg lower. All told, Bitcoin ended the day down 3.7%. Its largest drawdown in two weeks.

The most interesting part of the price action, though, was the continued divergence

between Bitcoin and the broader all-coin market. Weakness in Bitcoin

led to a market-wide sell-off. Ethereum was down over 6% while Solana sold off by almost 9%.

Where things got really ugly was the dino coins favored over the past week. Ripple saw a 15%

collapse while even more obscure ancient coins plunged by over 20%. It was truly a welcome back

to the crypto markets for

retail. The contrarian desk wrote, Crypto being crypto today, the boomers may not be used to these 20%

daily drawdowns. Overall, Bitcoin was the best performing coin in the top 50 and the only one that saw

strong dip buying. Crypto's total market cap was down 6.4% on the day and continued to bleed lower

into the evening.

Bitcoin dominance rose by 2.8%, the largest single day increase in over 18 months.

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